India¡¯s only electric vehicle maker, Mahindra and Mahindra has the entire Indian car market to itself. While the number of vehicles sold may be limited, the market is expected to grow many folds as the government plans to move entirely to battery powered vehicles by 2030.
And while Tesla has announced its plans to enter India this year, Anand Mahindra took the opportunity to remind Elon Musk that he will have company when he launches his products in India.
Reuters
India may not be an easy market for Tesla as most car makers have found out the hard way. The market is price sensitive and even global giants like General Motors has found the going tough. Mahindra on the other hand is working on more powerful electric drive trains as it plans to stretch its lead.
Reuters